Ethereum

Rise

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   Nov 20, 2023 at 10:38 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/69d/900_900_1/jvr71vc0o5uxc4eefg0brg56h9dr4y2a.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Ethereum (ETH) has risen again, reclaiming the psychological price barrier of $2,000. ETH price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="ethereum-price-long-term-analysis-bullish">Ethereum price long-term analysis: bullish</h2>
 <p style="text-align: justify;">The largest altcoin was beaten back three times during the initial rally when it fell below the $2,000 support.</p>
 <p style="text-align: justify;">Today, on November 20, Ether has risen above the psychological price barrier of $2,000 per coin. If the current support holds, the altcoin will resume its uptrend. On the upside, if buyers break the resistance above $2,131, Ether is expected to reach a high of $2,200.</p>
 <p style="text-align: justify;">Buyers are still struggling to maintain positive momentum above the current support. The current upside momentum is expected to meet resistance at the highs of $2,030 and $2,080. If Ether loses the key support at $2,000, it risks falling below the 21-day SMA. Ether will fall sharply to the $1,810 support level.</p>
 <h2 style="text-align: justify;" id="analysis-of-the-ethereum-indicators">Analysis of the Ethereum&nbsp; indicators</h2>
 <p style="text-align: justify;">Ether is recovering above the 21-day simple moving average support. Long candlestick tails were observed above the 21-day SMA. This shows that there is significant buying pressure above the 21-day moving average line. The price bars are supported by the 21-day SMA. If the moving average lines are breached, the Ether will come under selling pressure again.</p>
 <h2 style="text-align: justify;" id="technical-indicators">Technical indicators:</h2>
 <p style="text-align: justify;"><b>Key resistance levels – $1,800 and $2,000</b></p>
 <p style="text-align: justify;"><b>Key support levels – $1,600 and $1,400</b></p>
 <p style="text-align: justify;"><img width="1024" alt="ETHUSD_(4 hour Chart) – NOV. 20.jpg" src="https://cdn.thebittimes.com/images/2023/11/20/34992b04775c83873a74d1927743c0e7.webp" height="529" title="ETHUSD_(4 hour Chart) – NOV. 20, 2023"></p>
 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-ethereum">What is the next direction for Ethereum?</h2>
 <p style="text-align: justify;">Ether will continue its uptrend above the psychological price threshold of $2,000. The altcoin encounters resistance at higher price levels. Moreover, Ether is trading in the overbought zone of the market. The risks are increased when sellers appear in the overbought region.</p>
 <p style="text-align: justify;">Last week Coinidol.com reported that Ether fell to a low of $1,940 before recovering.&nbsp;&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="ETHUSD_(4 hour Chart) – NOV. 20.png" src="https://cdn.thebittimes.com/images/2023/11/20/9426dcec71d68b935f057db7225d7d35.webp" height="529" title="ETHUSD_(4 hour Chart) – NOV. 20, 2023"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-price-recovers-above-2-000-and-resumes-its-rise-tbt70930.html">https://thebittimes.com/ethereum-price-recovers-above-2-000-and-resumes-its-rise-tbt70930.html</a></p>

Ethereum Price Recovers Above $2,000 And Resumes Its Rise

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